LendingTree Weekly Mortgage Rate Pulse Reports Rates at Historic Lows

30 year fixed rate falls to 4.25%

CHARLOTTE, NC (June 30, 2010) – The average mortgage rates offered by lenders on the LendingTree network beat Freddie Mac’s national average this week, according to the company’s Weekly Mortgage Rate Pulse, a snapshot of the lowest and average mortgage rates available within the LendingTree network of lenders.

“With this week’s Standard & Poor numbers showing year-over-year improvements in home prices, it’s a wake-up call for homeowners to think about their home’s value and their mortgage,” said Cameron Findlay, Chief Economist of LendingTree.com. “Nearly 60% of the outstanding universe of mortgages are paying a rate higher than 5.50%, but have not fully evaluated a refinance alternative. Just a 0.75% reduction can save consumers $92 a month or just over $1,100 per year, assuming a $200,000 loan at 4.75% vs. a 5. 5% 30-year fixed rate.”

Consumers looking to shop around for the best rate can utilize LendingTree’s free Mortgage RateFinder iPhone and Blackberry apps, enabling users to obtain up to 30 different customized on-the-spot loan offers anonymously. Once a great offer is found, users can simply click to be contacted by that lender and move forward with the loan request.

Below is a state-by-state comparison of mortgage data outlining the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity.

The LendingTree Weekly Mortgage Rate Pulse will be published every Wednesday. Rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower’s loan details and credit profile. Visit www.lendingtree.com to learn more.

About LendingTree, LLCLendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 27 million loan requests and $207 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com or 800-555-TREE.